PNB scam: Bank's former chief auditor sent to CBI remand

A Mumbai court on Friday sent Punjab National Bank's (PNB), Internal Chief Auditor (retired) Bishnubrata Mishra to the Central Bureau of Investigation (CBI) remand till March 14 in connection with a multi-dollar scam.

Sharma was arrested yesterday. He was responsible for auditing the systems and practices of the PNB for the period 2011-2015 in the Brady House Branch.

The PNB detected a billion dollar scam, earlier this year, in which Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.